Copper chart - Trading View
Copper was trading 0.11% lower on the day at 2.344 at around 04:45 GMT.
Upside in the pair was capped at 55-EMA which is offering stiff resistance at 2.377.
A 'Spinning Top' formation on the daily candle on Monday suggests consolidation for the pair.
Intraday charts hold scope for upside as price action is above 200H MA and GMMA shows bullishness on the hourly charts.
Price action has edged higher from session lows at 2.327, holds support at 5-DMA.
The pair is extending trade in rising channel pattern and break above 55-EMA will see test of channel top at 2.435.
Failure at 55-EMA and retrace below cloud will negate upside bias.
Support levels - 2.328 (5-DMA), 2.302 (21-EMA)
Resistance levels - 2.377 (55-EMA), 2.435 (Channel top)


UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
FxWirePro: GBP/NZD uptrend loses momentum but bullish setup remains
FxWirePro: USD/CAD uptrend loses steam, remains on bullish path
BTCUSD Rebounds Past $83K as Risk Appetite Returns Despite Choppy ETF Flows
FxWirePro: USD/JPY eases slightly but outlook is bullish
Stock Futures Dip as Investors Await Key Payrolls Data
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD edges higher after hawkish RBA minutes
FxWirePro: USD/JPY eases slightly , but outlook is bullish
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
FxWirePro: GBP/AUD consolidating around 1.8980, room for further gains
ECB-BoE Policy Divergence Drags
EURGBP trades weak for the third consecutive week
2025 Market Outlook: Key January Events to Watch
Geopolitical Shocks That Could Reshape Financial Markets in 2025
FxWirePro: USD/CAD edges higher, retains bid tone 



